RTX (NYSE:RTX) Stock Price Down 0.1% - What's Next?

RTX Co. (NYSE:RTX - Get Free Report) was down 0.1% on Friday . The stock traded as low as $123.91 and last traded at $124.37. Approximately 787,401 shares changed hands during trading, a decline of 83% from the average daily volume of 4,659,733 shares. The stock had previously closed at $124.48.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RTX shares. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and raised their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Citigroup raised RTX from a "neutral" rating to a "buy" rating and raised their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $163.07.

RTX Trading Down 1.5 %

The company has a 50 day moving average of $121.49 and a two-hundred day moving average of $120.89. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market capitalization of $164.16 billion, a PE ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. RTX's dividend payout ratio is currently 70.99%.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new position in RTX in the 3rd quarter worth about $29,000. 10Elms LLP acquired a new position in RTX in the 4th quarter worth about $29,000. Fairway Wealth LLC acquired a new position in RTX in the 4th quarter worth about $31,000. Picton Mahoney Asset Management raised its holdings in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares during the period. Finally, Greenline Partners LLC acquired a new position in RTX in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.